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Originally Posted by leannamarie Are you single or married?Currently single and hope to remain so until my late 20's or early 30's. That is a big one. Yes, the possibility exists for saving lots of money, but only if you are that type of individual. Give up your apartment, sell or store your furniture, and live in the truck full time.Right now I am lucky enough that I can still live at home with family and so far I haven't been asked to pay rent each month due to the fact that I barely make enough with an almost minimum wage job to keep my credit card and student loan debt under control. From what I understand though if I were to drive enough miles per week on average at about .25-26 cpm (and if someone could correct me on this or clarify this a little) I could be taking home anywhere from $500-780+ (based on 2000 miles at .25 cpm to 3000 miles at .26 cpm). That puts you a grand or so ahead each month right from the start. Are you the type to plan ahead, go shopping, and eat in your truck? Or will you be blowing $20 a day in truck stops to eat?I'd probably try to plan ahead and get food I could eat in my truck since I've been seeing on other posts that a majority of the TS don't have good restaurants anymore and the restaurants that are not at TS don't allow Big Rigs to park in their lots compared to when I was 10-15 years younger and went on RV trips with the grandparents. Although I may deicide on occasion to eat somewhere other than the truck, for the most part I would want to keep that to a minimum the first few years. Are you the type to hang out in truck stops and blow money or gamble?I'm not one to gamble much but I might have a problem with buying things I don't really need. Although that may be tougher to do since there's not much space from what I understand in the cab so storage of multiple items might not be possible. There are ways to save a lot of money, or spend a lot of money in trucking. As for starting pay, there are companies out there that will start you off much higher than .26. Since you think that you will be attending a private school, you might want to look for those companies that will reimburse your tuition if you stay with them for a year. You aren't contracted to that company, but you have a financial incentive to stay.I did have a question regarding this since I saw another poster mention that the company he went with after CDL school said they wouldn't reimburse him due to the fact that he paid in cash. When I talked to the guy at the school I've already driven to and checked out a bit he said that you could just tell the company that you went to such and such a school and they would reimburse you without asking how you paid for it. Somehow I'm getting the feeling that you actually have to take out a loan with the school in order for the truck company to reimburse you, or does that depend on the company? I would like to pay using a means other than the loan (i.e. I might be able to put it on a credit card since I have one that has enough credit on it that I could do so and the payment added for the amount would be less than the loan option) but if the only way of getting reimbursed is by taking out the loan then what is the point of paying by another means and getting a discount (I think it was $100 off for cash and $50 off if paid by a credit card) if the company won't reimburse? |
I also wanted to know if it sounds smart to save up a grand or so for monthly bills if the training pay would only be $200 or so for the first two weeks or more and the take home is not much more than that for the first few months after that or could I expect take home pay to be more once the company training is completed?
I'm not looking to make a killing in the trucking industry at first, but if I can make at least double what I'm making now I might be able to go debt-free in 1-3 years and eventually I'd like to have enough saved up that I could get a place of my own with at least a 20% down payment which would also be determined by if/when I wanted to switch to a local or regional that allowed weekends off. I've even considered going team with a future spouse provided I find the right person.
Any input or advice would be welcomed.